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View Full Version : N.Z. Municipalities May Offer Debut Debt in Europe, U.S. Under New Agency - Bloomberg



NewsWhore
12-06-2011, 01:10 AM
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N.Z. Municipalities May Offer Debut Debt in Europe, U.S. Under New Agency (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNG4RqeNgFKxBsNO3JsuoMdaZuiDRA&url=http://www.bloomberg.com/news/2011-12-06/n-z-municipalities-may-offer-debut-debt-in-europe-u-s-under-new-agency.html)
Bloomberg
New Zealand lost its AAA grades on local-currency debt at Fitch and S&P in September, which both cited concern about the nation&#39;s fiscal burden. The local-currency rating was reduced one level to AA+, the same grade as the US, and the foreign- currency ...

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